| Product Code: ETC029509 | Publication Date: Jul 2023 | Updated Date: Nov 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
The Philippines continues to see a steady increase in imports of aliphatic solvents and thinners, with key suppliers including Japan, Malaysia, Singapore, South Korea, and Taiwan. Despite a slight decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) for the period 2020-2024 remained strong at 9.31%. The market shows moderate concentration, as indicated by the Herfindahl-Hirschman Index (HHI). This data suggests a stable market with significant potential for further expansion and partnerships with top exporting countries.

The Philippines aliphatic solvents and thinners market is expected to register a CAGR of 4.9% during the forecast period (2020-2026). Aliphatic solvents are hydrocarbons that consist of only carbon and hydrogen atoms in their structure, which form a chain like structure. They contain both single as well as double bonds between the two elements along with multiple types of functional groups that occur naturally or may be synthesized. An aromatic compound contains one or more benzene rings while an aliphatic compound does not have these structures in its molecular framework. The growing demand for aliphatic solvent & thinner from different end-user industries such as automotive, paints & coatings, pharmaceuticals, agricultural chemicals and others are propelling the growth for Filipino markets. Moreover various government initiatives taken by countries to boost up their economic condition due to COVID-19 pandemic has increased the manufacturing activities across all sectors further boosting up the demand for aliphaticsolvent & thinner in Filipino market over next few years resulting into robust growth rate till 2026
The increasing number of vehicles production around world driving higher requirement for lubricants & coolant fluids used in engine parts resulting higher consumption of solvents & thinner based products by automotive industry which is likely to fuel upthe Philippine???saliphatic solventsand thinnersmarketover forecastedperiod 2020 - 2026. Additionally, due tooverwhelming environmental regulations imposed on VOC content containing paintsto reduce air pollution levels automakersare gradually shifting towards water borne paints having zero VOC contentleadingincreasing adoptionofsolventless coatingtechnologiesin automobileswhichis projectedto drivePhilippinealiphaticsolventsand thinnersmarketgrowthduringforecastperiod2020 ??? 2026.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Aliphatic Solvents and Thinners Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Aliphatic Solvents and Thinners Market Revenues & Volume, 2020 & 2030F |
3.3 Philippines Aliphatic Solvents and Thinners Market - Industry Life Cycle |
3.4 Philippines Aliphatic Solvents and Thinners Market - Porter's Five Forces |
3.5 Philippines Aliphatic Solvents and Thinners Market Revenues & Volume Share, By Type, 2020 & 2030F |
3.6 Philippines Aliphatic Solvents and Thinners Market Revenues & Volume Share, By Applications, 2020 & 2030F |
4 Philippines Aliphatic Solvents and Thinners Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Aliphatic Solvents and Thinners Market Trends |
6 Philippines Aliphatic Solvents and Thinners Market, By Types |
6.1 Philippines Aliphatic Solvents and Thinners Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Aliphatic Solvents and Thinners Market Revenues & Volume, By Type, 2020-2030F |
6.1.3 Philippines Aliphatic Solvents and Thinners Market Revenues & Volume, By Varnish Makers? & Painters? Naphtha, 2020-2030F |
6.1.4 Philippines Aliphatic Solvents and Thinners Market Revenues & Volume, By Mineral Spirits, 2020-2030F |
6.1.5 Philippines Aliphatic Solvents and Thinners Market Revenues & Volume, By Hexane, 2020-2030F |
6.1.6 Philippines Aliphatic Solvents and Thinners Market Revenues & Volume, By Heptane, 2020-2030F |
6.1.7 Philippines Aliphatic Solvents and Thinners Market Revenues & Volume, By Others, 2020-2030F |
6.2 Philippines Aliphatic Solvents and Thinners Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Philippines Aliphatic Solvents and Thinners Market Revenues & Volume, By Paints & Coatings, 2020-2030F |
6.2.3 Philippines Aliphatic Solvents and Thinners Market Revenues & Volume, By Cleaning & Degreasing, 2020-2030F |
6.2.4 Philippines Aliphatic Solvents and Thinners Market Revenues & Volume, By Adhesives, 2020-2030F |
6.2.5 Philippines Aliphatic Solvents and Thinners Market Revenues & Volume, By Aerosols, 2020-2030F |
6.2.6 Philippines Aliphatic Solvents and Thinners Market Revenues & Volume, By Rubbers & polymers, 2020-2030F |
6.2.7 Philippines Aliphatic Solvents and Thinners Market Revenues & Volume, By Printing inks, 2020-2030F |
7 Philippines Aliphatic Solvents and Thinners Market Import-Export Trade Statistics |
7.1 Philippines Aliphatic Solvents and Thinners Market Export to Major Countries |
7.2 Philippines Aliphatic Solvents and Thinners Market Imports from Major Countries |
8 Philippines Aliphatic Solvents and Thinners Market Key Performance Indicators |
9 Philippines Aliphatic Solvents and Thinners Market - Opportunity Assessment |
9.1 Philippines Aliphatic Solvents and Thinners Market Opportunity Assessment, By Type, 2020 & 2030F |
9.2 Philippines Aliphatic Solvents and Thinners Market Opportunity Assessment, By Applications, 2020 & 2030F |
10 Philippines Aliphatic Solvents and Thinners Market - Competitive Landscape |
10.1 Philippines Aliphatic Solvents and Thinners Market Revenue Share, By Companies, 2023 |
10.2 Philippines Aliphatic Solvents and Thinners Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |